REAL GDP GROWTH IN 2013 IS 7.4% AS AGAINST 7.9% IN 2012, - TopicsExpress



          

REAL GDP GROWTH IN 2013 IS 7.4% AS AGAINST 7.9% IN 2012, Inflation rose from 10.1% in 2012 to 13.1% in 2013., Interest rate is 16.0%, for foreign exchange,the Cedi depreciated 4.12% against the US Dollar and 9.97% and 14.4% against the EURO. International Reserves decreased from US$5,349.00 in 2012 to US$5,212.10 in 2013. Fiscal deficit(excess expenditure over budgeted expenditure) deteriorated to GHC7,334.50 against a target of GHC6,368.3 . Public debt increased from US$19,150.78 in 2012 to US$23,498.76 in 2013.- (SOURCE: MOF) OVERALL GHANAS ECONOMY IS NOT BAD. PRESIDENT JOHN MAHAMAS 1ST GEAR SENT THE COUNTRY INTO REVERSE. BUT SINCE THERE IS ONLY ONE REVERSE GEAR, A CHANGE IN GEAR NEXT YEAR CANNOT BE ANOTHER ERROR. GHANAIANS CANNOT PARDON THE PRESIDENT FOR ANOTHER PERFORMANCE LIKE THIS NEXT YEAR. WE WISH HIM AND GHANA WELL.
Posted on: Mon, 25 Nov 2013 11:14:41 +0000

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